Xceptor Confirmations Product Sheet

Streamline OTC confirmations

Every operations team dreams of a seamless, flowing process. But confirming an OTC trade between a buyer and seller is far from straightforward due to the high levels of variability and complexity.

Analysts must review contracts to ensure the economics and terms align with what was agreed. Doing this manually is not only time-consuming but also carries a high potential for error.

If left unchecked, this can lead to:

Lengthy delays in settling trades – resulting in unhappy clients and impact to P&L.

A lack of visibility into the current status, which makes it difficult to take action if needed.

Frustration for the analysts due to the amount of manual work involved.

Inability to improve process due to a lack of audit history, which can lead to increased risk, and reputational damage.

Potential non-compliance with regulations and standards, for e.g. CSDR, T+1.

Consolidate the confirmations process

Across all asset classes, booking systems, and resolution portals, removing silos and increasing consistency across the board.

Focus on the most important trades

Streamline low-complexity, vanilla trades, while managing by exception for high-complexity, non-standard trades.

Speed up resolutions

Automatically identify breaks earlier, and surface discrepancies so analysts can make informed decisions faster.

Increase oversight

Learn how to streamline client onboarding and enhance customer experience.

Key benefits

Automate the entire end to end confirmations process across your enterprise and focus on the most important discrepancies.

Bring all asset classes together, removing silos, and enabling consistent processing, with consolidated views to manage exposures.

Enhance dispute management with rapid resolution capabilities.

Integrated, visible, automated exception management, with a comprehensive audit trail of actions performed on data items.

Xceptor confirmations enables even the most complex asset classes to achieve 90%+ straight through processing across commodities, rates, credit, foreign exchange, money markets and derivatives.

Key features

Take control of your inbound and outbound confirmations process by automating and consolidating multi-asset confirmations in a single platform.

Trade capture

Ingest data by connecting to all trade booking systems
Analyse and enrich trades
Complex asset coverage including equities, credit, interest rates, FX, fixed income/bonds and commodities

Outbound activity

Where STP rules are met, automatically generate documents
Draft documents for review and approval where STP rules aren't met
Distribute them through preferred channels
Automate chasers to keep things moving

Inbound activity

Capture confirmations in any format
Highlight economic differences for faster remediation
Automate escalations based on user-defined rules

Trade matching

Automate trade data matching against your book of record
Highlight clause mismatches, review mark-up and signature, powered by AI
Implement review and acceptance rules and workflows with case management

Head of Confirmations

Using Xceptor we've been able to streamline our trade confirmations process, taking cost out of the business and establishing better control over our derivatives operations. The original project was completed in just a few short months creating a real value-add for Standard Bank's international business and we have subsequently rolled Xceptor to our South African operation.

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Xceptor Confirmations

Streamline OTC confirmations

What can it do for you?

Key benefits